Polar Capital LLC is a research driven investment manager that focuses on the provision of highly entrepreneurial environment for better returns for investors. The firm mainly provides its services to pooled investment vehicles while at the same time catering for large corporations and professionals. Apple Inc. (NASDAQ:AAPL), Google Inc CL C (NASDAQ:GOOG), and ACE Limited (NYSE:ACE) were its primary investment for the third quarter ended September 30, 2014.
The largest investment of Polar Capital LLC for the period was Apple Inc. (NASDAQ:AAPL), having a total value of $201.94 million. Apple Inc. (NASDAQ:AAPL) is a Cupertino, California-based technology company that produces computer products including software. The two biggest holders of the company for the third quarter were Icahn Capital LP and D E Shaw with 52.76 million shares and 11.66 million shares respectively. (You can see complete list on hedge funds which hold positions on Apple Inc. (NASDAQ:AAPL) at the end of the third quarter).
Google Inc CL C (NASDAQ:GOOG) was the second largest investment of the firm, accounting for a total of $134.01 in investment value. Google Inc CL C (NASDAQ:GOOG) is a technology company that builds products and provides related services to help in the organization of information. The company has several products in the market that include search engine, email services, cloud storage, among several other hardware and software products. Google Inc CL C (NASDAQ:GOOG) is said to be keen on taking a share of the consumer market through its Google Express service. The company intends to gather more data about consumer shopping behavior and has rolled out partnerships with 30 retailers located in different states.
ACE Limited (NYSE:ACE) emerged as the third largest investment of Polar Capital LLC with a total investment value of $106.06 million in value. is the parent organization of the ACE Group, which is a worldwide provider of insurance services that cover a wide array of things including property, accident, casualty, and reinsurance. The company has received an average “buy” rating and a price target of $115.14 from a total of nine firms brokerages that are currently covering the stock. In its latest quarterly report, the company posted $2.64 in earnings per share on revenue of $4.73 billion. The company’s performance beat consensus estimates of $2.33 in earnings per share on revenue of $4.10 billion.
This article has been written by Victor Ochieng.
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